Zeldah097 Zeldah097
  • 03-04-2017
  • Mathematics
contestada

Calculate how long it would take an investment to triple if the interest rate is 10% compounded annually

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-04-2017
3=(1.10)^t
Log(3)=t*log(1.10)
t=log(3)÷log(1.10)
t=11.5 years
Answer Link

Otras preguntas

A group of 18 people ordered soup and sandwiches for lunch .each person in the group had either one soup or one sandwich.the sandwhiches cost $7.75 each and th
true or false the american revolution was fought by the american colonies and china??
How long is the term of Supreme Court justices? a. 20 years b. life c. until he or she reaches age 75
United States lawyer and politician who advocated free silver and prosecuted John Scopes (1925) for teaching evolution in a Tennessee high school
What special group advises the President of the United States? a. The Cabinet b. The Electoral College c. The Executive Branch
If you visit the National Mall, where are you? a. Minneapolis, Minn. b. New York City, N.Y. c. Washington, D.C.
What is the formula for Slope-Intercept Form of the Line
What was manorial system
How to find the inverse of the function f(x)=2x-3 ? Please
The heads of which presidents are carved into Mount Rushmore?